Project Report For Garment Factory
Project report for Garment Factory is as follows.
The garment industry in India is among the country’s earliest businesses, stretching back several generations.
The business is highly diverse, ranging from hand-spun and hand-woven textiles to capital-intensive complex mills on the opposite side of the spectrum. The garment industry is dominated by the decentralised powered looms/hosiery and knitting industry.
Garment are distinct from other sectors in the nation because of their tight ties to agribusiness as well as the nation’s historic history and customs in respect of textiles.
Market potential & Strategy
In 2018-19, India’s garment sector generated 7% of total industry production (by value). In 2018-19, the Indian textiles and clothing sector generated 2% to GDP, 12 percent to export profits, and controlled 5% of world textiles and apparel trade.
In 2019-20, India’s garment and textile exports accounted for 11% of all mercantile shipments. Approximately 4.5 crore people are involved in the garment sector, with 35.22 lakh of them working on handlooms.
Cotton output is anticipated to reach 37.10 million bales in FY21, with 114 million bales consumed, representing a 13% increase from the preceding period.
In FY19, the national garment market was expected to be worth US$ 100 billion.
Within last few years, the fabrics industry has seen a surge in investment. From April 2000 to March 2021, the sector generated US$ 4.1 billion in foreign direct investment (FDI).
Indo Count Industries Ltd. (ICIL) proposed a Rs. 200 crore (US$ 26.9 million) investment in May 2021 to enhance its manufacturing capabilities.
Manufacturing, exports, and investment would all benefit from the production-linked incentive (PLI) programme for man-made fabric and technological textiles.
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